After the withdrawal addresses have been validated, you can withdraw cryptocurrencies from your Shrimpy Advisory account at any time.
Withdrawals can be made to an external wallet using any of the supported cryptocurrencies. The time required for withdrawals varies based on the blockchain used.
Shrimpy Advisory does not charge withdrawal fees, but please be aware that fees imposed by Gemini and on-chain transaction costs apply to cryptocurrency withdrawals.
During a withdrawal, funds are pulled proportionally from each Basket and its respective assets according to the basket allocations.
How to Withdraw Cryptocurrencies
To initiate a withdrawal, log in and select Withdrawal on the dashboard.
After entering your 2FA code, select the desired withdrawal cryptocurrency. Only the cryptocurrencies with a validated withdrawal address will appear. Our custodian Gemini has provided the following options for withdrawals. The available options include:
- Bitcoin
- Litecoin
- Bitcoin Cash
- Zcash
- Tezos
- Solana
- Polkadot
After selecting the withdrawal cryptocurrency, specify the amount to be withdrawn. Please note that there is a minimum limit of $100 and a maximum limit of $10,000.
Keep in mind that while Shrimpy Advisory does not charge a withdrawal fee, you may still be subject to fees charged by Gemini and on-chain transaction costs.
Select Review to see an overview of the withdrawal. Verify that the withdrawal address is correct, review the withdrawal amount and estimated fees, and if everything is accurate, select 'Submit Withdrawal.’
Your account will enter a 'Trades Are Processing' state. During this time, no changes can be made to your account.
Shrimpy Advisory will begin pulling cryptocurrencies from each asset in each basket and sell them to the desired withdrawal cryptocurrency. Once this process is complete, the withdrawal will be sent to the linked address.
Once the transaction is complete, you can see a history of the withdrawal on the Transactions page of the History section.
Have questions, comments, or concerns? Feel free to send an email to AdvisorySupport@Shrimpy.io and one of our Support Agents will get back to you as soon as we're able.